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Bernanke: Fed policies to help emerging markets

Submitted by Fox First at Ten on October 14th

By MARTIN CRUTSINGERAP Economics Writer Chairman Ben Bernanke is rejecting arguments that the Federal Reserve's bold moves to bolster U.S. job growth could have unwanted consequences in emerging market countries. In a speech Sunday, Bernanke disagreed with criticism that the Fed's

Bernanke: Fed policies to help emerging markets

Submitted by Fox First at Ten on October 14th

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - Chairman Ben Bernanke is rejecting arguments that the Federal Reserve's bold moves to bolster U.S. job growth could have unwanted consequences in emerging market countries. In a speech Sunday, Bernanke disagrees with criticism that

China central bank says currency near equilibrium

Submitted by Fox First at Ten on October 14th

By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - China's currency has reached its equilibrium rate and its value is mainly determined by the market, rather than intervention, Beijing's central bank chief said Sunday, signaling there is little likelihood of major movement in the yuan

Salmonella fear spurs firm to recall dog treats

Submitted by Fox First at Ten on October 13th

By BRUCE SHIPKOWSKIAssociated Press TRENTON, N.J. (AP) - A pet food company is voluntarily recalling dog treats that could be contaminated with salmonella. Nature's Recipe announced Saturday the recall of a limited supply of its "Nature's Recipe Oven Baked Biscuits with Real Chicken,"

Obama trumpets rebound of US auto industry

Submitted by Fox First at Ten on October 13th

WASHINGTON (AP) - President Barack Obama is hailing the rebound of the U.S. auto industry, pointing to progress since his administration rescued General Motors and Chrysler. Obama says in his weekly radio and Internet address that auto sales are the highest they've been in more than four years

China's imports weak in negative sign for recovery

Submitted by Fox First at Ten on October 13th

By JOE McDONALDAP Business Writer BEIJING (AP) - China's import growth recovered slightly in September but was weak, suggesting that a recovery for the world's second-largest economy from a painful slump has yet to take hold. Imports rose 2.4 percent, an improvement over August's

Southwest changes tune, raises fares

Submitted by Fox First at Ten on October 12th

DALLAS (AP) - Southwest Airlines is making a 180-degree turn and raising fares on many routes by up to $10 per round trip. The self-proclaimed low-fare airline declined to match a $10 increase by United Airlines earlier this week, helping force United to roll back prices. But on Friday, Southwest

News Summary: Workday shares jump in market debut

Submitted by Fox First at Ten on October 12th

By The Associated Press WORKDAY WORKS: Shares of Workday Inc. jumped 74 percent to close at $48.69 on their first day of trading Friday. That marks the fifth biggest first-day percentage gain for an initial public offering of stock this year. ABOVE RANGE: The cloud-based human resources

AMR seen likely to try again to spin off Eagle

Submitted by Fox First at Ten on October 12th

By DAVID KOENIGAP Airlines Writer DALLAS (AP) - The CEO of American Eagle says he expects that the regional affiliate of American Airlines will still be sold or spun off as a separate company after American emerges from bankruptcy protection. American's parent AMR Corp. twice tried to

Dems in coal states diverge on Obama policies

Submitted by Fox First at Ten on October 12th

By DONNA CASSATAAssociated Press ST. CLAIRSVILLE, Ohio (AP) - Friends of coal are certain they know the enemy. They fault President Barack Obama and his Environmental Protection Agency for new clean air rules they deride as a devastating blow to a multibillion-dollar industry that has been the